Home Search Watchlist Advertise Feedback Profile



What are the Details of Abitibi Metals $10M Private Placement? — CSE:AMQ| ASX Mining News & Discussion
L
Lykeshares Official
$AMQ What are the Details of Abitibi Metals $10M Private Placement?
Abitibi Metals Corp. Completes $10M Private Placement, Poised for Aggressive Drilling Program

December 29, 2023

Abitibi Metals Corp. (CSE:AMQ) (OTC:AMQFF) (FSE:4KG), a leading mineral acquisition and exploration company, has successfully closed a significant non-brokered private placement, raising gross proceeds of $10 million. This capital boost positions the company for an ambitious exploration and development phase, particularly with its high-grade B26 Polymetallic Copper Project.

Completion of the $10 Million Private Placement

The offering comprised two types of shares:

13,571,429 charity flow-through common shares (CFT Shares) priced at C$0.70 per share.
833,333 flow-through common shares (FT Shares) priced at C$0.60 per share.

Allocation of Funds

The proceeds are earmarked for Canadian exploration expenses and flow-through mining expenditures, as defined by the Income Tax Act (Canada), focusing on the company’s projects in Québec.

CEO Jonathon Deluce's Ambitious Goals

Jonathon Deluce, CEO of Abitibi Metals, expressed gratitude for the investor support and detailed the company's ...
What are the Details of Abitibi Metals $10M Private Placement?

L
Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
L
Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
L
Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
L
Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
L
Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
L
Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
L
Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?